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the fact that they are "laissez-faire" does not mean that they are merely for show, they still run the country, making important decisions to further the counties industrial, technological and economic development.

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Hudson Parisian

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2y ago

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What economic system has the least government control?

The Free Market Enterprise system (aka: Capitalism). its laissez faire


Economic policy by which the government minimizes its regulation of industry?

laissez-faire laissez-faire


Which economic system does laissez faire favor?

Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.


Which term refers to an economic system in which the government has as little involvement as possible?

laissez-faire


Which term refers to an economic system in which the government has a little involvement as possible?

laissez-faire


In Which type of economic system does the government make no economic decision?

There are several such systems, but the most popular is the laissez-faire system.


In Which type of government of economic system does the government make no decisions?

There are several such systems, but the most popular is the laissez-faire system.


What is the role of government in a laissez-faire economic system?

the fact that they are "laissez-faire" does not mean that they are merely for show, they still run the country, making important decisions to further the counties industrial, technological and economic development.


What is the role of a government in a laissez faire economic system?

the fact that they are "laissez-faire" does not mean that they are merely for show, they still run the country, making important decisions to further the counties industrial, technological and economic development.


Which of these describes the economic theory of laissez-faire?

An economic system should be driven by free market forces, not government intervention. A+


Is your government laissez-faire?

Whether a government is laissez-faire depends on its economic policies and level of intervention in the market. A laissez-faire government typically minimizes regulation and allows market forces to dictate economic activity. If a government imposes significant regulations, taxes, or subsidies, it leans away from a laissez-faire approach. Ultimately, the classification varies by country and context.


In which type of economic system does the government make no economic decisions?

There are several such systems, but the most popular is the laissez-faire system.